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#Gadgets: The World’s most secure Private Messenger launches

Stargram Global has announced the launch of ‘mit messenger’, the most private and secure messenger on the market

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Stargram Global has announced the launch of ‘mit messenger’, the most private and secure messenger on the market.

The name ‘mit’ means ‘together’ in German. The app brings people all over the world together while ensuring their chat privacy with 100% confidence.

Developed as a full service messenger app with the goal of enhancing user convenience, such as coin settlement and free / busy service transactions, with an emphasis on confidentiality of membership information and securing messages between recipients; mit messenger uses a peer-to-peer (P2P) concept that does not store conversation contents or files on a server and functions. At the time of subscribing, members can use a simple mobile phone authentication procedure without the app requesting additional confidential information.

Read Also: WhatsApp limits forwarding of messages to five chats

Users can also delete conversations that they do not wish to leave on recipients’ phones through the ‘Disappearing Messages’ feature. The message disappears on both devices at a user-defined interval, from 5 seconds to 1 week, after the recipient reads the message. ‘Lifetime use’ numbers will be issued free of charge to prevent mobile phone numbers from being exposed. It will be possible to open a super group room where up to 110,000 people can chat in it.

The lossless voice and video data recovery technology delivers HD/VoLTE quality calls with high sound quality. The ability to make high quality calls for 7 minutes while consuming only 1MB of data is also a powerful feature of the app.

In addition, it will be equipped with an e-payment system, a streaming service for Stargram’s Bingo music, and a shared economic platform through the expansion of messenger-based merchants and applications.

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Nigerian fintech startup, CredPal, secures more funding from Cairo Angels syndicate

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A Nigerian fintech startup, CredPal, has raised funding from the Cairo Angels Syndicate Fund (CASF), a micro-venture capital fund, to expand its “buy now, pay later” incentive to customers.

Launched in 2018 by the duo of Fehintolu Olaogun and Olorunfemi Jegede, CredPal has placed itself as one of Nigeria’s most preferred consumer credit platform that gives buyers the freedom to “buy now and pay later” and helps merchants acquire more customers to increase their sales.

According to Disrupt Africa, the Google-backed CredPal has over 85,000 active customers and over 4,000 onboarded merchants, with the company announcing in March it had raised US$15 million in funding to expand its consumer credit offerings in Nigeria and to scale across Africa.

While speaking on the new funding, Olaogun said:

“This support from Cairo Angels Syndicate Fund reinforces our mission to improve the quality of life of Africans through easy access to consumer credit.

“My co-founder and I are very pleased to have them as investment partners and can’t wait for how much we’ll achieve together.”

The Cairo Angels is Egypt’s first formal network of angel investors, and since its formation has been one of the most active early-stage investors in startups and high-growth businesses in the Middle East and Africa, with 31 investee companies across 18 different sectors.

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Nigerian auto tech startup, Autochek, partners with Kenya’s Pezesha to provide asset financing to African SMEs

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Nigerian auto-tech digital solution startup, Autochek, has entered into a partnership with Kenyan fintech, Pezesha, to provide asset financing to Africa Small and Medium Enterprises (SMEs).

According to Autochek Kenyan Country Manager, Bilhah Muriithi, the company aims to build digital solutions that will enhance and enable a seamless and safe automotive commerce experience across Africa, with the hub starting with Nigeria and Ghana.

“Autochek has been focused on financing retail customers, we are excited to partner with Pezesha whose key focus is on enabling SME lending.

“Autochek will continue to invest in the market while exploring new partnership opportunities to deliver solutions for driving positive change in the automotive industry in Kenya and beyond,” said Muriithi.

Autochek, Muriithi said, plans to use technology to transform the automotive buying and selling experience for African consumers, by creating a single marketplace for consumers’ automotive needs, from sourcing and financing to after sales support and warranties.

Having expanded to Kenya late last year, the partnership between Autochek and Pezesha will enable SMEs to acquire auto assets for ease of business operations and growth.

Pezesha was founded in 2016 and has created a holistic digital financial infrastructure that connects small and medium-sized businesses to working capital offered by banks, MFIs, and other financial institutions or networks.

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